Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.20 and traded as high as $15.55. Provident Financial shares last traded at $15.50, with a volume of 6,122 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen assumed coverage on Provident Financial in a research note on Wednesday, May 21st. They issued a "hold" rating on the stock.
Check Out Our Latest Stock Analysis on Provident Financial
Provident Financial Stock Up 1.4%
The firm has a 50 day moving average of $15.19 and a two-hundred day moving average of $15.20. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $105.17 million, a PE ratio of 16.21 and a beta of 0.34.
Provident Financial (NASDAQ:PROV - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $10.12 million during the quarter, compared to the consensus estimate of $9.86 million. Provident Financial had a return on equity of 5.09% and a net margin of 10.87%. Equities research analysts anticipate that Provident Financial Holdings, Inc. will post 0.9 earnings per share for the current year.
Provident Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Thursday, May 15th. Provident Financial's payout ratio is currently 57.73%.
Insider Activity at Provident Financial
In related news, SVP Gwendolyn Wertz sold 1,940 shares of Provident Financial stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $15.40, for a total value of $29,876.00. Following the transaction, the senior vice president now owns 25,337 shares in the company, valued at approximately $390,189.80. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.41% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fourthstone LLC grew its stake in shares of Provident Financial by 30.5% during the fourth quarter. Fourthstone LLC now owns 90,080 shares of the financial services provider's stock valued at $1,433,000 after acquiring an additional 21,030 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Provident Financial by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 486,296 shares of the financial services provider's stock worth $7,737,000 after purchasing an additional 1,342 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Provident Financial by 7.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 334,789 shares of the financial services provider's stock worth $5,326,000 after purchasing an additional 23,117 shares during the last quarter. Northern Trust Corp grew its stake in Provident Financial by 25.9% in the fourth quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider's stock worth $421,000 after purchasing an additional 5,445 shares in the last quarter. Finally, Black Maple Capital Management LP raised its stake in Provident Financial by 8.9% during the fourth quarter. Black Maple Capital Management LP now owns 31,128 shares of the financial services provider's stock valued at $495,000 after buying an additional 2,557 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.
Provident Financial Company Profile
(
Get Free Report)
Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The company's deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.
Further Reading
Before you consider Provident Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Provident Financial wasn't on the list.
While Provident Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
